The Reserve Bank of India has told banks and NBFCs to be watchful of 'wilful default' aspect in all non-performing asset accounts with outstanding amounts of Rs 25 lakh and above. This was mentioned ...
The court held that failure to apply Clause 3(d) of the RBI Master Circular invalidated the wilful defaulter declaration. Non ...
Bank Holidays in India 2024: Banks will remain shut on August 26 across many cities including Ahmedabad, Bhubaneswar, Chandigarh, Chennai, Dehradun, Lucknow, Patna, Raipur, Ranchi, among others. The ...
New Delhi: Lenders may get more flexibility in dealing with potential wilful defaulters as the central bank may make in-person hearings with borrowers mandatory at the time of identifying a loan ...
The Bombay High Court has said banks and financial institutions should pass reasoned orders before declaring an entity or person a wilful defaulter under the Reserve Bank of India's Master Circular. A ...
Mumbai: The Reserve Bank of India (RBI) on Tuesday issued final guidelines on the classification of wilful defaulters, directing lenders to complete identifying and tagging such a borrower within six ...
The trial court issued an interim injunction against UC Surendranath after Mambally’s Bakery filed a suit to restrain him from using the MAMBALLY’S BAKERY mark The trial court subsequently found that ...
Bangladesh Bank has defined wilful loan defaulters who will face a ban on overseas travel, purchase of homes, flats and cars, and starting new companies. Such people or organisations will have to wait ...
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